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IN RE NAT. CENTURY FINANCIAL ENTERS., INC., INV. LIT.

Case Nos. 2:03-md-1565, 2:03-cv-362.

905 F.Supp.2d 814 (2012)

In re NATIONAL CENTURY FINANCIAL ENTERPRISES, INC., INVESTMENT LITIGATION. Pharos Capital Partners, L.P., Plaintiff, v. Deloitte & Touche, L.L.P., et al., Defendants.

United States District Court, S.D. Ohio, Eastern Division.

October 26, 2012.

Attorney(s) appearing for the Case

Joseph F. Murray, Murray Murphy Moul & Basil, Columbus, OH, Alexander D. Widell, Bickel & Brewer, New York, NY, James S. Renard, Kenneth N. Hickox, Jr., Robert M. Millimet, William A. Brewer, III, Bickel & Brewer, Michael Joseph Collins, Dallas, TX, for Plaintiff.

Andrew L. Goldman, Bartlit Beck Herman Palenchar & Scott, Chicago, IL, Sharon Katz, Davis Polk & Wardwell, Jeffrey Q. Smith, Steven G. Brody, Bingham McCutchen LLP, New York, NY, John K. Villa, Matthew B. Andelman, Robert M. Cary, Craig D. Singer, Williams & Connolly LLP, Washington, DC, Michael Roy Szolosi, Sr., McNamara and McNamara, Thomas Leslie Long, Baker & Hostetler, Matthew L. Fornshell, Ice Miller LLP, Michael Proctor Graney, Simpson Thacher & Bartlett, Columbus, OH, for Defendants.

OPINION AND ORDER

JAMES L. GRAHAM, District Judge.

Plaintiff Pharos Capital Partners, L.P. brings this action against defendant Credit Suisse Securities LLC for fraud in connection with a failed $12 million equity investment. In 2002 Pharos purchased preferred stock in National Century Financial Enterprises, Inc. Credit Suisse acted as a co-placement agent on the stock offering, and, according to Pharos, should have told Pharos that National Century...

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